Stats SA reports inflation in neat, single digits. You know better. You’ve watched pap, rice, oil, eggs, taxi fares, school fees, DSTV, and data all climb like nobody’s business.
This is just a fact unfortunately. The CPI calculation includes too many subjective factors, governments can't be responsible for measuring inflation, tackling inflation and also be the ones who benefit from inflation. It's clear what the incentives are.
I've been looking into the CPI for a while now, and so far, it appears as though it's purpose is to conceal the government's disastrous monetary policy.
Unfortunately they conceal the truth with jargon, making what they do seem more complicated than what it is. So we need people like you to cut through the deception.
This is just a fact unfortunately. The CPI calculation includes too many subjective factors, governments can't be responsible for measuring inflation, tackling inflation and also be the ones who benefit from inflation. It's clear what the incentives are.
I'm going to post this comment on Twitter
I've been looking into the CPI for a while now, and so far, it appears as though it's purpose is to conceal the government's disastrous monetary policy.
Unfortunately they conceal the truth with jargon, making what they do seem more complicated than what it is. So we need people like you to cut through the deception.
In the coming years, I’m going to be doing more than just cutting through the deception. I’ve decided to get involved. I’ve said too much